President Joe Biden has signed the U.S. CHIPS and Science Act that provides subsidies worth $52.7 billion for the country's chip manufacturing industry and helping it compete against China.
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Intel reportedly wants to acquire GlobalFoundries according to a new report. Apparently, the company is currently exploring the possible options and the deal could go through for a sum of $30 billion.
AMD has announced it will work with TSMC to produce its 7nm chips, while GlobalFoundries says it will stop working on 7nm technology due to high cost and inability to keep up with competitors.
Tesla and AMD may be working together in order to build and AI chip intended for Tesla's self-driving cars. A source near the project has said Tesla received samples of the chip and is doing tests.
In order to focus on semiconductor research and development of cloud, mobile and big data systems, IBM has decided to transfer its chip manufacturing business to Globalfoundries.
AMD has announced it will only buy $115 million of processor chip wafers from Globalfoundries in the fourth quarter of 2012, a massive decrease compared to its previous plan of paying $500 million.
AMD announced that it lost $590 million in its last fiscal quarter but added that it still had "solid results" as the results included a one time accounting charge of $703 million.
Globalfoundries, the company that once was a part of AMD's chip manufacturing business, has now bought back its remaining shares from AMD to become a true independent foundry.
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